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A loan of $21,150.00 at 7.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled
A loan of $21,150.00 at 7.50% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 5 years. a. Calculate the size of the periodic payment. $2,381.81$3,081.26$2,575.25$2,812.21 b. Calculate the total interest paid. $4,602.50$25,752.50$2,027.25$7,177.75
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